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Long Term Supply Curve And Economic Profit Microeconomics Khan Academy

Understanding the long term supply curve in terms of economic profit Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/average-costs-t...

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Why it is hard for a monopolisitc competitor to make economic profit in the long run Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-...

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Difference between a firm's accounting and economic profit Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/economic-profit-tutorial/...

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Looking at marginal and average total cost in the context of a juice business Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/averag...

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Conditions for perfect competition. Looking at the airline industry Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolies-...

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In this video I explain what happens to the equalibrium price and quantity when demand or supply shifts. Make sure to practice drawing the graph on your own. This is the thrid video in the...

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I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section about tax incidence and who pays...

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Mr. Clifford explains the difference between explicit costs and implicit costs and the idea of economic profit. By the way, it's a joke. Economists and accountants don't really hate each other....

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In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total...

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This video explains what the long-run relationship between price and quantity supplied in a market looks like and how the profit motives of individual firms creates this result. For more informati...

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In this video I explain the idea of what happens to output and costs in the long-run. I cover two similar but different ideas: increasing retruns to scale and economies of scale. The first...

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Mr. Clifford's 60 second explanation of perfect competition in the long run. The firm starts in the short run making profit and then firms enter driving the price down. The firm ends up in...

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Why it is rational to produce at a loss Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/average-costs-margin-rev/v/long-term-supply-...

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Thinking about why aggregate supply may not be influenced by prices in the long-run Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-dema...

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Mr. Clifford's 60 second explanation of perfect competition in the short run with a firm making profit. The firm is a price taker and price is set by the market at $10. Don't forget to pause...

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Looking at the supply curve as an opportunity cost curve. Understanding the producer surplus as the area between the supply curve and the market price Watch the next lesson: https://www.khanacadem...

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03 - The supply curve - 03 - Long term supply curve.webm.

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Every firm would love to earn economic profits in the long-run. This is, after all the whole reason firms exist: to earn profits! But in perfectly competitive markets the likelihood of economic...

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How the price of inputs, price of related goods, number of suppliers technology, and expected future prices affects the supply curve Watch the next lesson: https://www.khanacademy.org/economics-fi...

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Justifications for the aggregate supply curve to be upward sloping in the short-run Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-dema...

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